Foton Motor announced that the company plans to transfer a total of 378 assets, including land use rights, plant, machinery and equipment, to the Beijing branch of Beijing New Energy Vehicle Co., Ltd., the relevant party. The transaction uses March 31, 2026 as the evaluation reference date. The underlying assets have a book value of 941 million yuan, an assessed value of 1,390 million yuan, a value-added rate of 47.74%, a tax-inclusive transaction price of about 1,516 billion yuan, and a one-time payment within 15 days from the date of delivery. This transaction constitutes a related transaction, and the relevant evaluation results have completed the state-owned assets assessment and filing. In addition, the board of directors of the company reviewed and approved revisions to the “Articles of Association” and “Rules of Procedure for Shareholders' Meetings”, and requested the shareholders' meeting to authorize management to handle matters such as industrial and commercial changes.

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